The global image recognition market size is expected to reach USD 80.29 Billion at a steady CAGR of 15.3% in 2028, according to latest analysis by Emergen Research. In February 2020, Department of Homeland Security officials detailed the use of facial recognition technologies by the administration across the U.S. To date, over 43.7 million individuals have been scanned at border crossings, outbound ships, and elsewhere by various systems.
The investigative approach applied for the extensive analysis of the sale, gross margin and profit generated by the industry are presented through resources including tables, charts, and graphic images. Importantly, these resources can be easily integrated or used for preparing business or corporate presentations.
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Key companies operating in the Image recognition market include:
IBM Corporation, Qualcomm, Honeywell, Toshiba, Microsoft, Huawei, Oracle, NEC Corporation, Catchoom, and Slyce.
The Global Image recognition Report is a panoramic study of the overall Image recognition market published by Emergen Research and covers a wide-ranging analysis of the technological advancements and product developments in the Image recognition market. The report provides a detailed analysis of the key factors of the Image recognition market that are expected to have a positive impact on the growth of the Image recognition industry.
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Emergen Research has segmented the global image recognition market on the basis of component, application, deployment mode, technique, industry vertical, and region:
Component Outlook (Revenue, USD Billion; 2018–2028)
- Hardware
- Software
- Services
Application Outlook (Revenue, USD Billion; 2018–2028)
- Security and Surveillance
- Scanning and Imaging
- Augmented Reality
- Image Search
- Marketing and Advertising
Deployment Mode Outlook (Revenue, USD Billion; 2018–2028)
- On-premises
- Cloud
Technique Outlook (Revenue, USD Billion; 2018–2028)
- Object Recognition
- QR/ Barcode Recognition
- Pattern Recognition
- Facial Recognition
- Optical Character Recognition
Industry Vertical Outlook (Revenue, USD Billion; 2018–2028)
- Media & Entertainment
- Healthcare
- Retail & E-commerce
- BFSI
- IT & Telecom
- Automobile & Transportation
- Government
- Others
Regional Analysis:
The report further examines the market in the key regions of the world with regard to production and consumption patterns, import/export, supply and demand ratio, revenue generation, market share and size, and presence of prominent players in the regions. The report also covers the expansion plans undertaken by companies in the regions under the regional analysis section.
Key regions in the market include:
- North America
U.S., Canada
- Europe
U.K., Italy, Germany, France, Rest of EU
- Asia Pacific
India, Japan, China, South Korea, Australia. Rest of APAC
- Latin America
Chile, Brazil, Argentina, Rest of Latin America
- Middle East & Africa
Saudi Arabia, U.A.E., South Africa, Rest of MEA
Key Questions Addressed in the Report:
- Who are the leading players in the Image recognition industry?
- Which region is expected to dominate the market in the coming years?
- What are the key applications of Image recognition?
- Which segment is expected to garner traction during the coming years?
- What are the key strategies adopted by leading players in the market?
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